The majority of Americans fear the U.S. economy and national security could be hurt if sovereign wealth funds, the investment arms of foreign governments, put more money into U.S. companies, new data show...The dumbest part: "49 percent said the funds would have a negative impact on an already slowing U.S. economy." Even taking into account that most people do not understand economics, that people can believe that investment in the US economy is harmful for economic growth is almost beyond belief.
A majority of Americans, or 56 percent, did not like that investment funds from Singapore, Kuwait and the United Arab Emirates have taken small stakes in banking giant Citigroup Inc.
"Americans are becoming increasingly isolationist in their thinking..." I've been saying for a while now that everything that has happened with America's foreign affairs is eventually going to make the American people say "to hell with you all" to the rest of the world, and I'm afraid that this is just the beginning of that process.